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About Me:

ceejay74

I'm the CFO of a three-adult, two-child, two-cat household. There's me (CJ, age 49), my husband (NT, age 50), my wife (AS, age 44), and our kids AA (age 13) and SL (age 11). The cats are named Whiskey and Clue and they're about 12 years old.

Until July 2007 we hadn't been serious about financial stability, but then we started focusing on paying down our massive debt, building an emergency fund and saving for retirement. In October 2010, we finished paying off all of our credit card debt--over $70,000! Adding in student loans and mortgages, we've paid off more than $250,000 of debt so far. In June 2015, we used a windfall to pay off all our remaining non-home-related debt!

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Big picture goals:

Buy a rental property in Minneapolis in 2022

8x income by age 65 OR Coast FIRE by 2031 (tracking retirement in two ways at the moment)

Completely debt-free by age 65 (2039)

My Pages

Personal loan payment hit!

November 7th, 2009 at 05:05 pm

Yay, they DO process payments on Saturdays! $1382 went to principal. So we're at $2115 of debt paid, $85 to go on the November goal.

The personal loan is down to $1732. It's going bye-bye next month no matter what! I'm super fired up to burn off as much debt as I can before baby comes. I hope this is the right way to go versus padding the EF more. Getting rid of this $623 monthly payment certainly can't hurt our post-birth budget, and paying off my dad like a grownup before I become a mommy will just be a big psychological boost.

Posted in Uncategorized | 8 Comments »

8 Responses to “Personal loan payment hit!”

Kris10leigh Says:
November 7th, 2009 at 05:31 pm 1257615102
1257615102

Good for you! You have some lofty goals, but with a lot of effort and a little frugality, you can do it!
creditcardfree Says:
November 7th, 2009 at 05:46 pm 1257615960
1257615960

That is great!! You ARE going to beat me. I'm very proud of you.
KellyB Says:
November 7th, 2009 at 10:04 pm 1257631454
1257631454

You have the right mindset. The $623 will become the EF fund/baby use account, and I like how you said paying off your father before becoming a mom yourself will be a grownup thing to do, and a psychological boost. I'm sure your dad will admire that!!!
homebody Says:
November 8th, 2009 at 02:21 pm 1257690093
1257690093

Great news!
Rosa Says:
November 8th, 2009 at 03:05 pm 1257692733
1257692733

Hello!

I'm currently conducting research for an article proposal involving people who blog on the topics of personal unemployment, debt, and the recession in general, and came across your blog. I am wondering if you might be interested in participating in said article if it comes to pass.

Please let me know.

All the best,
Rosa
rosa@rosajurjevics.com
frugaltexan75 Says:
November 8th, 2009 at 05:07 pm 1257700033
1257700033

That's awesome! Way to go on getting it paid down ... and off soon!
Petunia Says:
November 9th, 2009 at 04:10 am 1257739803
1257739803

Can't wait to do the happy dance with you next month when you get this paid off!

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Ceejay74's Personal Finance Blog

A blog to help me document my journey out of debt.

Personal loan payment hit!

8 Responses to “Personal loan payment hit!”

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